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Difference between Generate Revenue in Contract Management and revenue in receivables

in Project Management

Summary:

I am currently practicing in Oracle Lab with US1 as business Unit for billable projects.

The Issue Observed in the Lab:

Currently, both the Contract Management module and the Receivables module are generating duplicate entries using the exact same default account combination (46000):

  1. Contract Revenue Recognition Entry:
    • Debit: Receivables / Unbilled
    • Credit: Revenue Account (46000)
  2. Receivables Invoice Entry (via Contract Event):
    • Debit: Receivables Account
    • Credit: Revenue Account (46000)

Because both modules are using 46000 for all sides of the transaction, I want to know the difference between External Revenue in Contract Management and revenue in receivables

Content (please ensure you mask any confidential information):

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